SkyView Investment Advisors LLC Invests $126,000 in Janus International Group, Inc. (NYSE:JBI)

SkyView Investment Advisors LLC acquired a new stake in Janus International Group, Inc. (NYSE:JBI) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 10,000 shares of the company’s stock, valued at approximately $126,000.

A number of other large investors have also bought and sold shares of JBI. Mackenzie Financial Corp acquired a new position in shares of Janus International Group in the second quarter valued at approximately $136,000. The Manufacturers Life Insurance Company increased its holdings in Janus International Group by 38.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 83,595 shares of the company’s stock worth $1,056,000 after purchasing an additional 23,394 shares in the last quarter. Millennium Management LLC raised its stake in shares of Janus International Group by 31.8% in the 2nd quarter. Millennium Management LLC now owns 1,432,371 shares of the company’s stock valued at $18,091,000 after purchasing an additional 345,613 shares during the period. Maverick Capital Ltd. lifted its holdings in shares of Janus International Group by 334.8% in the second quarter. Maverick Capital Ltd. now owns 120,691 shares of the company’s stock valued at $1,524,000 after purchasing an additional 92,931 shares in the last quarter. Finally, Deerfield Management Company L.P. Series C boosted its position in shares of Janus International Group by 41.2% during the second quarter. Deerfield Management Company L.P. Series C now owns 26,179 shares of the company’s stock worth $331,000 after buying an additional 7,640 shares during the period. 88.78% of the stock is owned by institutional investors.

Janus International Group Price Performance

NYSE:JBI opened at $10.27 on Monday. The stock has a market capitalization of $1.50 billion, a PE ratio of 10.81 and a beta of 0.89. Janus International Group, Inc. has a 1-year low of $9.16 and a 1-year high of $15.86. The firm has a fifty day simple moving average of $11.32 and a 200 day simple moving average of $13.00. The company has a current ratio of 2.82, a quick ratio of 2.47 and a debt-to-equity ratio of 1.05.

Janus International Group (NYSE:JBI) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.07). The firm had revenue of $248.40 million during the quarter, compared to the consensus estimate of $287.42 million. Janus International Group had a net margin of 12.52% and a return on equity of 26.03%. On average, research analysts expect that Janus International Group, Inc. will post 0.84 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on JBI shares. KeyCorp cut their target price on Janus International Group from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Jefferies Financial Group cut their price objective on shares of Janus International Group from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, September 10th. UBS Group decreased their target price on shares of Janus International Group from $14.50 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Wolfe Research cut shares of Janus International Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 12th. Finally, Benchmark decreased their price objective on Janus International Group from $21.00 to $14.00 and set a “buy” rating for the company in a report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.25.

Insider Buying and Selling

In other Janus International Group news, insider Peter Frayser sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $15.00, for a total value of $225,000.00. Following the sale, the insider now owns 217,805 shares in the company, valued at $3,267,075. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.94% of the stock is currently owned by corporate insiders.

About Janus International Group

Janus International Group, Inc manufacturers and supplies turn-key self-storage, and commercial and industrial building solutions in North America and internationally. The company offers roll up and swing doors, hallway systems, relocatable storage moveable additional storage structures units, and other solutions.